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The role of accounting in our life Timo Strattner


Accounting is very important for or all small big or medium-sized business to handle the day to day transactions. The overall growth of a business depends on financial record management and needs extra caution to keep accuracy in the records. The financial management of a business is responsible for keeping the records up to date.  Timo Strattner  is an experienced  Bookkeeper who is responsible for recording and maintaining a business’s financial transactions.


Accounting services help to keep track of work finances, money-related transactions, monitor the expenses and measure the profits and revenue of the business. Work financial analysis, based on business records is the key tool in the success of every trade. Well-organized accounts can be achieved by expert advice given by firms having an expert team of   Bookkeepers can prevent fraud, theft, and account errors caused while recording the accounting details.


Accurate record-keeping is a fundamental requirement of running a profitable business if required in the future to trace the success of a business. Accounting and bookkeeping software can be used to get accuracy in the records needed to prepare tax documents. Outsourcing your bookkeeping task to a professional company can help in bill paying, sales deposits, bank statements, and credit card reconciliation, financial statements, payroll tax preparation and reporting the data to the investors.


Timo Strattner says accurate records and financial information enable the business owner to monitor the success and profit of the business. Accurate evaluation of financial statements like profit and loss, balance sheet and cash flow management is essential for every business to take any crucial decision for growth and expansion. When business requires capital or outside investors it is mandatory to keep the financial statements updated and ready to the investors, bank, and partners for getting a clear financial picture about it. Advice and guidance can be taken from expert firms that provide Bookkeeping Services that depict the running of the business and keeps an eye on changing market trends.


It is mandator y for small, me d ium-size d large businesses, proprietorship, partnership, or government corporations to file income tax returns and pay income taxes. If the records are not maintained properly then the tax calculation becomes a difficult task to check the income, salary paid to employees and other expenses incurred throughout the year. Bookkeeping services assist the business in computing the tax due and preparing the required reports.


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The role of accounting in our life - Timo Strattner  

Accounting is very important for or all small big or medium-sized businesses to handle the day to day transactions. The overall growth of a...

The role of accounting in our life - Timo Strattner  

Accounting is very important for or all small big or medium-sized businesses to handle the day to day transactions. The overall growth of a...

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